Since 40% of U.S. entries will be electric vehicles by the end of 2025, GM is investing heavily in them. As a result, they’re planning to spend $27 billion on autonomous and electric vehicles through the middle of the decade. That’s $7 billion more than originally planned, before the coronavirus pandemic.
These investments are already paying off as GM announced engineering advances have increased the estimated maximum range of Ultium-based vehicles from 400 miles to 450 miles. That’s a sizable jump in less than a year and the increase is nearly equal to the 55 mile range of the entry-level EV1 from 1999.
GM said Ultium packs cost nearly 40% less than those used in the Chevrolet Bolt. More importantly, the company announced the first details about the second-generation of Ultium batteries which are expected in the middle of the decade.
Read the article at Carscoops.